It’s a win-win for thousands of employees of Flipkart as the leading e-commerce platform prepares to award a whopping US $ 700 million one-time cash payout to holders of employee stock options.
It is being said that the payout to holders of ESOPs (employee stock option plans) has been triggered by the transfer of Flipkart’s ownership in digital payments unit PhonePe last week to US parent Walmart.
As per a report of Mint, the leading business daily, more than 25,000 current and former employees are set to make a financial windfall due to this initiative of Flipkart.
It can be mentioned here that out of the total number eligible for the payout, 14,000, or 70 per cent of Flipkart’s 20,000-strong workforce, are still on the company’s payroll.
The report quoted sources saying that that former employees holding PhonePe shares will also be eligible for the payout.
As per reports, the Flipkart’s top 20 employees will be receiving more than US $ 200 million.
Bharat Tex Special Report 2026 
